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COP29 operationalises international carbon market governance
At COP29 held in Baku, Azerbaijan, a key milestone in climate governance was reached with the operationalisation of international carbon market governance. This progress is significant as it marks the first time that carbon credit trading systems have been formalized under the Paris Agreement’s Article 6, which allows countries to voluntarily trade emission reductions. The…
Torrent Power to invest Rs 1.1 trillion capex plan on renewables and storage
Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives. More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a…
NTPC REL declares commercial operation of 55 MW Shajapur solar unit
NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, has announced the commercial operation of the first part capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-1) in Madhya Pradesh. Following successful commissioning, the operation will take effect on November 29, 2024. The Shajapur Solar Project…
Bhagyanagar India secures 65.7 MW solar project in Uttar Pradesh
Bhagyanagar India Limited has received Letters of Award (LoAs) from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. The projects fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program, with a…
CERC proposes one-time exit for stranded RE transmission connectivity
The Central Electricity Regulatory Commission (CERC) has issued a draft order proposing a one-time mechanism to address inter-state transmission system connectivity granted to renewable energy projects that have not signed power purchase agreements (PPAs) within the stipulated period. The proposal aims to release blocked transmission capacity and reallocate it to projects ready for execution. The…
Centre to set up mineral trading exchange under SEBI framework
Union Coal and Mines Minister G Kishan Reddy has announced that the central government will establish a mineral trading exchange, modelled on the London Metal Exchange (LME), according to a report by PTI. Reddy said the platform will be developed in line with Securities and Exchange Board of India (SEBI) regulations. He noted that the…
